-72%

est. 2Y upside i

FinTechSeries B

Helcim is a payments company that lets businesses accept credit cards with ease. Discover better payments for your business in Canada & the US.

Rank

#3243

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Medium

Helcim is a Series B fintech with estimated 2025 revenue of ~$34.5M and transaction volume growing at approximately 15% year-over-year.

Last updated: March 10, 2026

Bull (10%)+200%

The new payment extension gains significant traction, allowing Helcim to penetrate new software ecosystems and rapidly expand its merchant base beyond 22,000. Revenue accelerates to 40%+ YoY, reaching $70M+ by 2028, justifying a 7-8x multiple and a $500M+ valuation.

Base (50%)+50%

Helcim continues its steady growth, leveraging its transparent pricing and SMB focus. Revenue grows at ~20% YoY, reaching ~$50M by 2028. The company maintains its competitive position, leading to an exit at a 5-6x revenue multiple, valuing it at ~$275M.

Bear (40%)-60%

Intense competition from Stripe, Block, and PayPal, coupled with slower-than-expected adoption of the payment extension, limits growth to under 10% YoY. Continued unprofitability leads to a challenging fundraising environment, resulting in a down round or acquisition at a depressed valuation of $70M, significantly impacting common equity value after liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

With $33M in total funding and an estimated $175M post-money valuation, investors hold approximately $33M in liquidation preferences ahead of common shareholders.

Dilution Risk

moderate

As a Series B company, Helcim will likely require at least one more significant funding round (Series C) before a liquidity event, leading to further dilution for existing equity holders.

Secondary Liquidity

none

There is no public information indicating an active secondary market or tender offers for Helcim's shares.

Questions to Ask at the Interview

Strategic questions based on Helcim's data — designed to show you've done your homework.

  • 1

    “The new Helcim Payment Extension aims to challenge 'walled-off' payment systems by allowing self-integration. How do you plan to incentivize merchants to switch from integrated solutions offered by major competitors like Stripe and Square, especially given their extensive ecosystems and existing integrations?”

  • 2

    “With estimated 2025 revenue of ~$34.5M and transaction volume growing at approximately 15% year-over-year, what are the key strategic initiatives planned over the next 12-24 months to accelerate revenue growth and move towards profitability, particularly considering the moderate gross margins?”

  • 3

    “Given the Series B funding round in February 2024 and the competitive landscape, what is the company's anticipated timeline and strategy for a liquidity event (e.g., IPO or acquisition), and how does the current equity structure protect common shareholders in various exit scenarios?”

Community

Valuation Sentiment

Our model estimates -72% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.